The agricultural industry is experiencing a transformation due to technological advancements in AI, IoT, and automation. These technologies have the potential to boost agricultural productivity, reduce waste, and provide real-time data for decision-making.
An Ernst & Young 2020 study pegs the Indian agritech market potential at US$24 billion by 2025, of which only 1% has been captured.
One of the significant challenges of the agricultural industry is the unpredictability of weather patterns, which can affect crop yields.
However, AI algorithms can process large volumes of data, including historical weather patterns and satellite images, to predict weather patterns accurately. Farmers can optimise planting, irrigation, and harvesting schedules with this information to improve crop yields and reduce losses.
IoT sensors can be deployed in farms to collect data on soil moisture, temperature, humidity, and other relevant parameters. The data can be analysed to detect patterns and trends that can inform decisions on irrigation and fertilisation. IoT sensors can also monitor crop growth and catch early signs of disease or pest infestation, enabling timely intervention.
Automation can also be applied in several aspects of agri-business, such as planting, harvesting, and packaging. Automated systems can operate continuously and accurately, increasing efficiency and reducing labor costs. For instance, robots can pick fruits and vegetables, reducing the need for manual labour.
AI-powered drones can also monitor crop health and collect crop yield and growth patterns data. The drones can also spray crops with fertilisers and pesticides, reducing the chemicals required and minimising worker exposure.
Integrating AI, IoT, and automation into agri-business practices can enhance agricultural productivity, reduce waste, and improve produce quality. agribazaar is progressively using such high technologies that enable farmers to make data-driven decisions leading to higher yields, better resource utilisation, and lowered costs. As such, agribazaar, along with the Indian agritech sector, is embracing these technologies to remain competitive and meet the growing demand for high-quality food.